Utah Admin. Code R590-70-12 - Pre-acquisition Notification (Form E)
(1) If a domestic insurer, including any
person controlling a domestic insurer, proposes a merger or acquisition under
Subsection
31A-16-103(1),
that person shall file a Form E pre-acquisition notification form.
(2)
(a) If
a non-domiciliary insurer licensed to do business in this state proposes a
merger or acquisition under Section
31A-16-104.5,
that person shall file a Form E pre-acquisition notification form.
(b) No pre-acquisition notification form need
be filed if the acquisition is beyond the scope of Section
31A-16-104.5
as set forth in Subsection
31A-16-104.5(2)(b).
(3) In addition to the information
required by Form E, the commissioner may require an expert opinion regarding
the competitive impact of the proposed acquisition.
Notes
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